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China and the WTOwhy multilateralism still matters /

Record Type:	Electronic resources : Monograph/item
Title/Author:	China and the WTOPetros C. Mavroidis and André Sapir.
Reminder of title:	why multilateralism still matters /
Author:	Mavroidis, Petros C.
other author:	Sapir, André.
Published:	Princeton, NJ :Princeton University Press,c2021.
Description:	1 online resource (263 p.)
Subject:	World politics.
Subject:	China
Online resource:	https://portal.igpublish.com/iglibrary/search/PUPB0007927.html
ISBN:	9780691206608$q(electronic bk.)

China and the WTOwhy multilateralism still matters /
Mavroidis, Petros C.

China and the WTOwhy multilateralism still matters /[electronic resource] :Petros C. Mavroidis and André Sapir. - Princeton, NJ :Princeton University Press,c2021. - 1 online resource (263 p.)

Includes bibliographical references and index.

Preface -- Acknowledgments -- List of Abbreviations -- Introduction -- 1. The Rise and Rise of China: (And What Should Be Done About It) -- 2. Complaints against China: (Euphoria Exits and Dysphoria Enters) -- 3. Dealing with Heterogeneity in the GATT/WTO: Lessons from the Past for China -- 4. Unilateral Responses Do Not Work -- 5. Staying Idle Is No Solution -- 6. The Way Forward -- 7. The Time Is Now -- Concluding Remarks: This Time It Is Different Indeed -- References -- Index -- A Note on the Type.

Access restricted to authorized users and institutions.

China's accession to the World Trade Organization (WTO) in 2001 was rightly hailed as a huge step forward in international cooperation. However, China's participation in the WTO has been anything but smooth, with China alienating some of its trading partners, particularly the United States. The mismatch between the WTO framework and China's economic model has undermined the WTO's ability to mitigate tensions arising from China's size and rapid growth. What has to change? China and the WTO demonstrates that unilateral pressure, by the United States and others, is not the answer. Instead, Petros Mavroidis and André Sapir show that if the WTO enacts judicious reforms, it could induce China's cooperation, leading to a renewed confidence in the WTO system. The WTO and its predecessor, the General Agreement on Tariffs and Trade, are predicated on liberal domestic policies. They managed the previous accessions of socialist countries and big trading nations, but none were as large or powerful as China. Mavroidis and Sapir contend that for the WTO to function smoothly and accommodate China's unique geopolitical position, it needs to translate some of its implicit principles into explicit treaty language. To make their point, they focus on two core complaints -- that Chinese state-owned enterprises (SOEs) benefit from unfair trade advantages, and that domestic companies, private as well as SOEs, impose forced technology transfer on foreign companies as a condition for accessing the Chinese market -- and they lay out specific proposals for WTO reforms. In an age of global trade disputes, China and the WTO offers a timely exploration of unprecedented challenges to the current multilateral system and fresh ideas for lasting solutions.

Mode of access: World Wide Web.

ISBN: 9780691206608$q(electronic bk.)Subjects--Corporate Names:

198052
World Trade Organization.
Subjects--Topical Terms:

926797
World politics.
Subjects--Geographical Terms:

236825
China

LC Class. No.: KNQ3405

Dewey Class. No.: 382

China and the WTOwhy multilateralism still matters /
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506 $a Access restricted to authorized users and institutions.
520 3 $a China's accession to the World Trade Organization (WTO) in 2001 was rightly hailed as a huge step forward in international cooperation. However, China's participation in the WTO has been anything but smooth, with China alienating some of its trading partners, particularly the United States. The mismatch between the WTO framework and China's economic model has undermined the WTO's ability to mitigate tensions arising from China's size and rapid growth. What has to change? China and the WTO demonstrates that unilateral pressure, by the United States and others, is not the answer. Instead, Petros Mavroidis and André Sapir show that if the WTO enacts judicious reforms, it could induce China's cooperation, leading to a renewed confidence in the WTO system. The WTO and its predecessor, the General Agreement on Tariffs and Trade, are predicated on liberal domestic policies. They managed the previous accessions of socialist countries and big trading nations, but none were as large or powerful as China. Mavroidis and Sapir contend that for the WTO to function smoothly and accommodate China's unique geopolitical position, it needs to translate some of its implicit principles into explicit treaty language. To make their point, they focus on two core complaints -- that Chinese state-owned enterprises (SOEs) benefit from unfair trade advantages, and that domestic companies, private as well as SOEs, impose forced technology transfer on foreign companies as a condition for accessing the Chinese market -- and they lay out specific proposals for WTO reforms. In an age of global trade disputes, China and the WTO offers a timely exploration of unprecedented challenges to the current multilateral system and fresh ideas for lasting solutions.
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